IS3J.DE vs. IUSU.DE
IS3J.DE (iShares $ Short Duration Corp Bond UCITS ETF USD (Dist)) and IUSU.DE (iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist)) are both Short-Term Bond funds from iShares - IS3J.DE tracks the iBoxx USD Liquid Investment Grade 0-5 Index while IUSU.DE tracks the Bloomberg US Government TR USD. Both are passively managed. Over the past 10 years, IS3J.DE returned 2.17%/yr vs 1.42%/yr for IUSU.DE. Their correlation of 0.95 suggests significant overlap in exposure. IS3J.DE charges 0.20%/yr vs 0.07%/yr for IUSU.DE.
Performance
IS3J.DE vs. IUSU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3J.DE achieves a 3.94% return, which is significantly higher than IUSU.DE's 3.57% return. Over the past 10 years, IS3J.DE has outperformed IUSU.DE with an annualized return of 2.17%, while IUSU.DE has yielded a comparatively lower 1.42% annualized return.
IS3J.DE
- 1D
- 0.02%
- 1M
- 1.83%
- 6M
- 3.89%
- YTD
- 3.94%
- 1Y
- 6.83%
- 3Y*
- 3.68%
- 5Y*
- 3.17%
- 10Y*
- 2.17%
IUSU.DE
- 1D
- 0.07%
- 1M
- 1.73%
- 6M
- 3.42%
- YTD
- 3.57%
- 1Y
- 6.20%
- 3Y*
- 2.77%
- 5Y*
- 2.65%
- 10Y*
- 1.42%
IS3J.DE vs. IUSU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3J.DE iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 3.94% | -5.65% | 10.87% | 2.09% | 1.39% | 7.75% | -4.93% | 8.80% | 5.49% | -10.32% |
IUSU.DE iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) | 3.57% | -6.44% | 10.08% | 0.67% | 2.11% | 7.74% | -6.05% | 6.08% | 6.10% | -11.82% |
Correlation
The correlation between IS3J.DE and IUSU.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.95 |
The correlation between IS3J.DE and IUSU.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
IS3J.DE vs. IUSU.DE — Risk / Return Rank
IS3J.DE
IUSU.DE
IS3J.DE vs. IUSU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (IS3J.DE) and iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) (IUSU.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS3J.DE | IUSU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.74 | +0.35 |
| Martin ratioReturn relative to average drawdown | 5.54 | 4.40 | +1.14 |
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Drawdowns
IS3J.DE vs. IUSU.DE - Drawdown Comparison
The maximum IS3J.DE drawdown since its inception was -27.90%, which is greater than IUSU.DE's maximum drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for IS3J.DE and IUSU.DE.
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Drawdown Indicators
| IS3J.DE | IUSU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -18.82% | -9.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -3.54% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -10.22% | -10.92% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -11.14% | -12.47% | +1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -20.04% | -16.73% | -3.31% |
Current DrawdownCurrent decline from peak | -4.01% | -5.25% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -7.01% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.40% | -0.17% |
Volatility
IS3J.DE vs. IUSU.DE - Volatility Comparison
iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (IS3J.DE) has a higher volatility of 1.57% compared to iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) (IUSU.DE) at 1.49%. This indicates that IS3J.DE's price experiences larger fluctuations and is considered to be riskier than IUSU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3J.DE | IUSU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.49% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 3.96% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.50% | 5.59% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 7.18% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.59% | 6.85% | +1.74% |
IS3J.DE vs. IUSU.DE - Expense Ratio Comparison
IS3J.DE has a 0.20% expense ratio, which is higher than IUSU.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS3J.DE vs. IUSU.DE - Dividend Comparison
IS3J.DE's dividend yield for the trailing twelve months is around 4.34%, more than IUSU.DE's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3J.DE iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 4.34% | 4.43% | 3.91% | 3.18% | 1.87% | 1.44% | 2.26% | 2.64% | 2.24% | 1.94% | 1.68% | 1.41% |
IUSU.DE iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) | 3.93% | 4.34% | 4.05% | 3.09% | 0.77% | 0.60% | 1.85% | 2.32% | 1.51% | 1.02% | 0.70% | 0.50% |
Frequently Asked Questions
With a correlation of 0.97, IS3J.DE and IUSU.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IUSU.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSU.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for IS3J.DE.
IS3J.DE tracks iBoxx USD Liquid Investment Grade 0-5 Index, while IUSU.DE tracks Bloomberg US Government TR USD. Their fees differ too: 0.20% for IS3J.DE and 0.07% for IUSU.DE.
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